Growing ecological worries and the growing demand for green substances are driving market growth.
New York, USA, Dec. 13, 2024 (GLOBE NEWSWIRE) — Market Facts
The global reclaimed rubber market size was USD 1,448.97 million in 2024, estimated at USD 1,600.39 million in 2025, and is expected to reach around USD 3,946.87 million by 2034, expanding at a CAGR of 10.5% from 2025 to 2034.
What is Reclaimed Rubber?
Reclaimed rubber is a substance rendered from scrap rubber that is utilized to restore or augment contemporary rubber in the making of rubber commodities. It is green, eco-friendly, and economical to virgin rubber. It is made through a multi-step procedure that involves categorizing, crumbing, de-polymerization, clarifying, testing, and packaging. Reclaimed rubber is utilized in an assortment of applications involving tires, hoses, belts, and other rubber commodities. It is less robust, stretchy, and hostile to caustic wear than contemporary rubber.
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Key Takeaways from Report
- The market is expected to exhibit a CAGR of 10.5%.
- The market for reclaimed rubber is expanding due to the requirement for economical options for virgin rubber.
- The reclaimed rubber market analysis is primarily based on product, application, end users, and region.
- Based on product, the whole tire reclaim (WTR) segment dominated the market.
- North America dominated the market with the largest share and is anticipated to continue its dominance during the forecast period.
Reclaimed Rubber Market Dynamics
Growth Drivers
Growing Acquisition of Circular Economy Practices: The reclaimed rubber market size is expanding due to the growing acquisition of circular economy practices, highlighting reprocessing and reusing substances to decrease waste. In the rubber industry, this practice includes regaining utilized rubber, foremost from rejected tires, and reclaiming it for usage in making contemporary commodities. As governments and industries categorize justifiability, businesses are growingly seeking ways to decrease dependence on virgin substances, especially in the automotive and manufacturing sectors.
Technology Progressions: Progressions in technology play an important part in improving the caliber and productivity of reclaimed rubber production. Conventional techniques of reclaiming rubber were frequently incompetent, resulting in subpar substance quality. However, contemporary techniques such as devulcanization, a chemical procedure that shatters the sulfur bonds in vulcanized rubber, have notably enhanced the standard of reclaimed rubber.
Trends and Opportunities
Growing Automotive Industry: The automotive industry remains one of the biggest consumers of reclaimed rubber, pushed by the industry’s escalating concentration on justifiability. As automakers operate to decrease ecological influence, many prefer reclaimed rubber as an economical and eco-friendly option to virgin rubber in the making of tires, seals, and other rubber constituents. Automakers are also growingly strained by administrative organizations to encounter stringent ecological standards, especially in the context of discharge and waste handling. This suggests that the reclaimed rubber market demand is expanding.
Growing Acquisition of Circular Economical Practices: Growing acquisition of circular economic practices, administrative constraints on waste management, and a growing requirement to decrease carbon footprints in industrial procedures. Trends such as technological progression in recycling methodologies and the usage of reclaimed rubber in industries such as automotive, footwear, and construction are anticipated to push the market growth during the forecast period.
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Competitive Analysis
The firms are engaged in the production, recycling, and dissemination of reclaimed rubber for applications in several sectors involving automotive, industrial, and construction sectors. These functions vary from tire recycling to generating value-added commodities, and several of them are established in regions with robust administrative structures, such as North America and Europe.
Major players operating in reclaimed rubber market are:
- Bolder Industries
- Lehigh Technologies (Subsidiary of Michelin)
- Liberty Tire Recycling
- Marangoni Tread North America
- ReRubber
- Eldan Recycling
- Scandinavian Enviro Systems
- Global Rubber Industries
- Peterborough Industrial Rubber
- Rajoo Engineers
- GTR Recycled Rubber
- Kraton Polymers
Regional Insights
North America: This region holds the largest market share due to its progressing recycling framework, strict ecological directives, and robust demand from the automotive industry, especially in the manufacturing and overhauling sectors.
Europe: Robust administrative frameworks and sustainability enterprises throughout the region are expected to drive Europe’s reclaimed rubber market with the highest CAGR during the forecast period.
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Reclaimed Rubber Market Segmentation
By Product Outlook
- Whole Tire Reclaim (WTR)
- Butyl Reclaim
- Ethylene Propylene Diene Monomer (EPDM)
- Drab & Colored
- Others
By Application Outlook
- Tire
- Non-Tire
By End User Outlook
- Automotive & Aircraft
- Cycle Tire
- Retreading
- Belts & Hoses
- Footwear
- Molded Rubber Goods
- Others
By Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Vietnam
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
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